privatehttp://www.maclife.com/taxonomy/term/5467/all
enDell Officially Goes Private, Gives Money Back to Shareholdershttp://www.maclife.com/article/news/dell_officially_goes_private_gives_money_back_shareholders
<!--paging_filter--><p><img src="/files/u220903/dell_logo_200px.png" alt="Dell logo" width="200" height="150" class="graphic-right" />The rumor mill has once again proven to be more accurate than many would believe as PC maker Dell goes private and sends its shareholders packing in a transaction worth $24.4 billion in common stock.<br /><br /><a href="http://content.dell.com/us/en/corp/d/secure/2013-02-04-michael-dell-silverlake-acquisition.aspx" target="_blank">Dell Inc. announced Tuesday</a> that founder, Chairman and Chief Executive Officer Michael Dell has teamed up with global technology investment firm Silver Lake to acquire the PC maker.<br /><br />The move is ironic considering Dell's comments in 1997 when asked how he would fix Apple, then then-ailing Macintosh computer maker.<br /><br />"What would I do? I'd shut it down and give the money back to the shareholders," Dell quipped, probably never realizing the comment would come back to bite him again all these years later.<br /><br />As part of the acquisition deal, Dell is sending his own stockholders packing with $13.65 in cash for each share of common stock held, a 25 percent premium on the company's closing stock price of $10.88 from January 11, 2013 -- the last trading day prior to rumors of Dell going private first appeared.<br /><br />“I believe this transaction will open an exciting new chapter for Dell, our customers and team members," Michael Dell said in a press release. "We can deliver immediate value to stockholders, while we continue the execution of our long-term strategy and focus on delivering best-in-class solutions to our customers as a private enterprise."<br /><br />Dell, who owns 14 percent of the company's common shares, will remain in place as the new private entity's Chairman and CEO, maintaining "a significant equity investment" in the company he founded way back in 1984.<br /><br /><em>Follow this article’s author, <a href="http://twitter.com/JRBTempe" target="_blank">J.R. Bookwalter on Twitter</a></em></p><p>&nbsp;</p>http://www.maclife.com/article/news/dell_officially_goes_private_gives_money_back_shareholders#commentsNewsacquisitionsCEOchairmancomputersDellmanufacturersMichael DellprivateShareholdersstockholderswindowsMacTue, 05 Feb 2013 15:18:33 +0000J.R. Bookwalter16159 at http://www.maclife.comAT&T Security Breach Exposes Private Informationhttp://www.maclife.com/article/news/att_security_breach_exposes_private_information
<!--paging_filter--><p><img src="/files/u62/iphonepic.jpg" alt="iPhone on Fire" title="iPhone on Fire" width="145" height="250" class="graphic-right" /></p><p>If customers aren't on fire after todays iPhone 4 pre-ordering fiasco this just might light them up. Gizmodo is <a href="http://gizmodo.com/5564262/apple-iphone-4-order-security-breach-exposes-private-information">reporting</a> that todays "iPhonecalypse" is due to what an AT&amp;T insider says was caused by "a major fraud update that went wrong. " The result: exposure of an unknown number of users' private AT&amp;T account information.</p><p>Gizmodo received three cases of mistaken identity along with screen snapshots showing users that had logged into their AT&amp;T accounts only to find that the AT&amp;T website was displaying the account information for a completely different customer. That information included addresses, phone calls, and bills which along with other private information was exposed to completely random strangers! Ouch!</p><p>The problem apparently stemmed from an alledgedly untested software update according to an unknown AT&amp;T insider. The update was applied to the servers this last week end and wreaked havoc on AT&amp;T systems on Saturday and Sunday.</p><p>We recommend that you read the <a href="http://gizmodo.com/5564262/apple-iphone-4-order-security-breach-exposes-private-information">entire post at Gizmodo</a> and take a look at the additional reader testimonies about their having seen another users information after logging into their AT&amp;T accounts. Pretty scary stuff especially after the recent <a href="http://www.maclife.com/article/news/att_explains_data_breach_ipad_3g_owners">iPad security breach</a>.</p><p>Consumers need to be aware of these problems and hold corporations accountable for these breaches. Perhaps it is time for all of us to write a letter to AT&amp;T CEO Randall Stephenson, but maybe not since if you if you send the <a href="http://consumerist.com/2010/06/send-att-too-many-eecbs-get-a-free-cease-and-desist-order.html">AT&amp;T CEO Too Many E-Mails, You Get A Free Cease And Desist Order</a>!</p><p>&nbsp;</p><p>&nbsp;</p>http://www.maclife.com/article/news/att_security_breach_exposes_private_information#commentsNewsappleAT&TbreachExposeinformationiphone 4privateSecurityTue, 15 Jun 2010 22:33:57 +0000David W. Martin7267 at http://www.maclife.com